On Sept. 5, 2024, OPEC+ extended its voluntary oil production cuts for an additional two months, reflecting ongoing struggles in the oil market.
September 07, 2024
Recent developments in South Africa, Nigeria, Senegal, and Namibia are significantly altering the African oil and gas sector.
September 01, 2024
The Norwegian energy firm's commitment to investing up to a huge sum in domestic offshore oil and gas operations underscores its long-term outlook for Norwegian energy resources.
September 01, 2024
The ongoing political dispute between the Kurdistan Regional Government (KRG) and the federal Iraqi government has severely impacted the Kurdistan oil production and prices.
September 01, 2024
Latin American producer’s oil output has surged significantly since it began in 2019, escalating from 70K b/d in 2020 to 380K b/d in 2023.
August 25, 2024
As of the latest available data from 2024, the combined oil and gas production in Africa is approximately 6.4MM b/d and 17.5B cf/d respectively.
August 25, 2024
OPEC has recently downgraded its oil demand growth forecasts, but this change does not appear to alter its planned production adjustments.
August 24, 2024
US oil output reached a new record high, with Lower-48 production having risen by 100K b/d to 13MM b/d.
August 18, 2024
The major Scandinavian producer’s oil and gas sector is set to achieve record investment levels in 2024, with total spending projected to hit $24B (257B Norwegian crowns).
August 18, 2024
OPEC's second-largest producer is transitioning to profit-sharing contracts for its oil and gas sector, marking a significant regulatory change aimed at attracting higher investment.
August 18, 2024
